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GIANT FOOD INC. ANNOUNCES PRELIMINARY UNAUDITED SALES

 WASHINGTON, March 1 /PRNewswire/ -- Giant Food Inc. (NYSE: GFS.A), a Washington-based food-drug chain of 155 units, today announced preliminary unaudited sales for the 16-week and the 52-week periods ended Feb. 27, 1993. Since the previous year was a 53-week year, comparisons are also made for the comparable number of weeks.
 Sales:
 -- Sales on a comparable 52-week basis were $3.473 billion for the current year compared with sales of $3.424 billion for the prior year, an increase of 1.43 percent.
 -- Sales on a comparable 16-week basis were $1.113 billion for the current year compared with sales of $1.086 billion for the prior year, an increase of 2.47 percent.
 -- Sales for the 52 weeks were $3.473 billion, compared with sales of $3.490 billion for the 53 weeks in the previous year.
 -- Sales for the 16 weeks were $1.113 billion, compared with sales of $1.152 billion for 17 weeks in the previous year.
 -- For stores in operation both years and for comparable number of weeks, sales increased 1.53 percent for the final 16 weeks. For the year, same store sales decreased a nominal .05 percent for the comparable 52 weeks.
 Giant anticipates it will issue the full operating results for the 1993 fiscal year on March 30.
 -0- 3/1/93
 /CONTACT: David B. Sykes of Giant Food Inc., 301-341-8480/
 (GFS.A)


CO: Giant Food Inc. ST: District of Columbia IN: REA SU: ERN

KD-IH -- DC030 -- 1586 03/01/93 16:30 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 1, 1993
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